In brief
- MetaMask maker Consensys has tapped JPMorgan and Goldman Sachs to advise on a potential IPO, Axios reported.
- The Ethereum developer joins Circle and Bullish in pursuing listings as investor appetite for crypto equities improves.
- It follows a fresh wave of crypto IPOs this year, including Circle’s June debut and Bullish’s August listing on the NYSE.
MetaMask parent Consensys has reportedly hired JPMorgan and Goldman Sachs to lead its initial public offering, Axios said Wednesday, citing unnamed sources.
The planned listing follows a wave of crypto-company debuts this year, including Circle’s June IPO at a roughly $6.9 billion valuation and Bullish’s listing on the New York Stock Exchange in August.
Consensys told Decrypt it is "constantly exploring opportunities to expand its impact."
"While we continuously evaluate strategic options for growth, we have nothing to announce at this time," a spokesperson said.
In February, the Securities and Exchange Commission informed Consensys it would move to dismiss its lawsuit over MetaMask’s staking features, clearing a key regulatory hurdle ahead of any potential listing.
The case had alleged the firm acted as an unregistered broker, but the agency’s reversal underscored a broader softening in U.S. crypto enforcement under the Trump administration.
Consensys, founded by Ethereum co-founder Joseph Lubin, develops Web3 infrastructure and the popular MetaMask wallet. The company last raised $450 million in 2022 at a $7 billion valuation.
Axios said the IPO could take place as soon as 2026, though details on the size and valuation were not disclosed.
Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.